Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
British Pound/Khazanah Sukuk (FOREX:GBPLFX)
Long-Term Downtrend (-90) - GBPLFX is in a strong downtrend that is likely to continue. While GBPLFX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPLFX?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLFX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLFX
The long-term trend has been DOWN since Mar 2nd, 2020 at 2.61735
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 2.63735
The short-term trend has been DOWN since May 27th, 2020 at 2.53295
Smart Scan Analysis for GBPLFX
Based on our trend formula, GBPLFX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).